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Canadian here: the Canadian economy is a joke. Chronic underinvestmemt in productive capacity, and chronic underinvestmemt and underutilisation of real estate. Our high prices are an artifact of snail's pace construction relative to demand growth. We are, indeed, sleepwalking towards mediocrity and stagnation in the coming years.

https://www.yahoo.com/now/david-rosenberg-roof-cave-canadian-142359987.html

You may find the above interesting; Canadians have bet big with variable rate mortgages. What could go wrong?

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Hey Deer Point,

Wanted to see what you think of iShares MBS ETF (Ticker: MBB). I don't own it but it seems to have bottomed last June, which was lower than it's level in 2008. From what you say, you expect it to go even lower, is that your view?

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